OANDA:XAUUSD sold off 6% from its high. The price has lost more than $130. This is the biggest drop since August 2020. At the moment a correction is forming, after which the fall will continue On d1, the dollar is strengthening in anticipation of positive news, while the Fed is silent and treading water. Gold is forming a huge false breakout and a candle with...
A stalemate! News ahead: Prerequisites for the fall ↓: 1) False breakout and price consolidation below the channel resistance can send the price downward 2) A breakout of 0.382 Fibo may trigger a fall. 3) The price may reach the trend support as part of the correction 4) This decline may start on the background of bullish news in the US market. Prerequisites...
FX:GBPUSD reaches the previously mentioned target of 1.2726, a false breakdown of the liquidity area is formed and apparently a correction will be formed before the retest. The TVC:DXY opens with a small counter-trend correction from the opening, which has a corresponding effect on the Forex market. In all probability, the index will test the previously...
OANDA:XAUUSD reaches the previously mentioned 2050 area a bit faster than we expected. The rally is followed by a logical correction. But how long will the correction last? On D1 we see a counter-trend correction in TVC:DXY . The correction may last until the publication of GDP related news, which is published today at 15:30 GMT. Analysts are expecting the...
we see that after the price exits the current liquidity area, a slight false breakout may appear as a liquidity sweep in the 1.272 area (1.35700 - 1.35710). then after the price fails at this level it is very likely that the price will retest the 1.38000 area, which is a fairly good sell area.
FX:EURUSD is forming a false breakout. This may be the reason for the formation of correction in the short term. The market is also expecting news today, which is worth paying attention to. We are interested in CDGO (MoM) today and the one that may affect the price in the short to medium term is Initial Jobless Claims. For the latter, analysts are expecting...
FX:GBPUSD forms a false breakdown of the channel resistance forming a sell-off in the market. And it logically fits into the technical and fundamental situation on the market and we see a correction to the support area. On the high timeframe we see a pattern between TVC:DXY and FX:GBPUSD . For the dollar index yesterday there was positive news, which...
FX:GBPUSD has been declining since the opening of the session, the reason for this is the positive GDP data for the US market. As the flat continues, there is a high probability that the price will decline to the support at 1.2117 before we see growth On the senior timeframe we see an inverse correlation with the TVC:DXY . A false breakdown of the range...
OANDA:XAUUSD is forming a false break of the support of the range, in which the price has been trading for three weeks. NFP is no longer influencing the market and all traders are waiting for the Fed chief's speech. What to expect from the market? The TVC:DXY finally lost influence from the NFP, the strong news was short-lived as the growth was influenced...
We expect further downside on this pair, signalled by the false breakout of the descending channel pattern. We can also see the testing and closing below of price the key level which further supports our directional basis.
GOLD updated its high on Friday to 2009 and is now forming a correction. Most likely the market may be interested in liquidity to the area of 1990-1980. The growth may continue. Prerequisites: 1) Strong trend stops, consolidation forms after the stop. There is no deep correction or fall and renewal of lows 2) Support retest is formed after updating highs 3) The...
FX:GBPUSD is in the sideways range against the background of the descending price channel. The bearish trend may contribute to the pricing of the currency pair The TVC:DXY due to uncertainty on the background of monetary policy stands still and forms a sideways range. If the dollar price falls from the resistance, in that case GBPUSD will react with a...
Gold is correcting after a false support breakout. We may see a flat formation inside 1984-1853. Support may be tested soon, which will push the price upward TA on the high timeframe: 1) Strong bullish trend and correction after a false breakdown 2) The dollar index is standing still, which makes many doubtful. This is also negative for gold TA on the low...
OANDA:XAUUSD amid resistance retest confirms the significance of the strong level. The correction or consolidation continues. The price is heading towards 1964 The global trend is upward, the fundamentals are quite strong on the market amid conflicts in the middle east. The price, since the conflict started, is consolidating by 9% and 167 dollars, but the...
OANDA:XAUUSD is testing the resistance area mentioned earlier.At the moment a narrow consolidation is forming between 153 and 1946, which may determine either a breakout or a correction. The price is testing the resistance of 1953 in the format of distributive movement. There is a high chance that the price will return behind 1946 and form a false breakout,...
NZDUSD is forming a false breakout and reversal pattern. There is an opportunity for a decline to 0.59000 TA on high timeframe: 1) False breakout of global range resistance 2) The market considers liquidity in the area of 0.59600 as a target TA on low timeframe: 1) A false breakdown in the "head and shoulders" format is formed 2) Price starts realization of...
EURUSD is forming a local false breakout. The base of the pattern "double bottom" is the level of 1.049 and we see a breakout (return) of this line. In the near future a correction may be formed after which the local growth will continue. But we should not forget - the global trend is bearish TA on the high timeframe: False breakout of resistance. If the...
Gold reaches the specified level and forms a false breakout attempt. A rebound may be formed. But there is a chance of a continuation of the fall from the level of 1825. TA on the high timeframe: 1) Broken 0.5 fibo level. A strong fall is formed from the opening 2) The liquidity area that the price can test within the counter-trend correction is in the area of...